Bearish pressure is building in chips. NVDA leads all large-caps in negative options volume over the past seven days. MU and AMD follow closely. Micron is up 242% year-to-date — options traders are aggressively hedging those gains ahead of its Q4 results. Short sellers are also active: Wolfspeed sits at 83.7% SI of free float with zero borrowing availability. The message from both the options and short interest desks is the same — bears are circling the sector.
Wall Street made bold calls on energy Monday. UBS raised targets on five oilfield services names in one sweep. Marathon Petroleum drew the boldest single call — Raymond James lifted its target to $445 from $350. That is a 27% increase. Positive options flow meanwhile hit the rails hard. UNP and CSX both scored 100% positive options readings this week. Both stocks are up over 20% this year.
UBER COO Andrew MacDonald filed open-market purchases of roughly $5.3M this week. C-suite buys with real cash carry weight. On the other side, activist fund Corvex Management filed over $34M in ILMN sales — notable because Corvex holds a board seat at Illumina.
Lennar reports Q3 results Tuesday with short interest at 10.1% of free float. Bears remain active into the print. UK housebuilder Barratt Redrow also reports this week. Progressive drops August results Thursday — its monthly cadence makes each release a closely watched data point on US auto insurance trends.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
